INSUBCONTINENT EXCLUSIVE:
Another day, another blockchain project
This time sources are reporting that Knotel & an office space rental service in Manhattan & has acquired 42Floors, a commercial real
estate search engine in order to, according to founder Amol Sarva, get &access to data and technology on over 10 billion square feet of
office space, driving further liquidity to Knotel marketplace while also accelerating its plans for a blockchain platform.&The deal is not
yet complete.Knotel is building the Agile HQ platform, a way to rent office space for a few hours or a few months without getting stuck in a
The company has 1 million square feet of space in New York, San Francisco, London, and Berlin and it raised $100 million in funding
The company claims it has more has more buildings in New York than WeWork.&42Floors built a powerful tool to organize a dark market that
hasn&t changed in a hundred years,& said Amol Sarva, CEO of Knotel
&It still backroom and bilateral while the rest of the world is becoming digital and standardized
This is what leads to transactions that take months to close with a dozen middlemen & no reliable information
You can buy a house faster than you can rent a floor
Partnering together will help give owners and customers what they both want: truth.&The reported 42Floors acquisition enables the company to
bring new properties onto its platform and could let non-blockchain-based contracts move to the blockchain.UPDATE & Text changed to reflect
the type of business and ICO plans.
